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1947 Tech 🇮🇳 : 53
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. Key issues that will drive 2019 policy debate in India
Intermediary liability, government surveillance, digital taxation and data governance and sovereignty will dominate the debate on tech policy making in India in the run-up to the general elections this year as the turf war between Indian and foreign technology companies intensifies, according to policy makers and lawyers.
Big technology companies Google, Facebook, Twitter and Amazon will be the most affected as they will face greater tax scrutiny and may be forced to host Indian user data within the country. Indian companies including PayTM and Reliance Jio Infocomm support some of these tighter guidelines, which will give them a level playing field.
2. 52 stories: a roundup of tech in India in 2018
The year 2018 was a big year for tech startups in India. Arjun Malhotra who runs a venture capital firm in India did a great job of compiling 52 stories that pretty much sums up tech ecosystem in India in 2018.
Few key highlights:
The verdict is in: Reliance Jio has reshaped the tech industry
2018 is the year that Indian startups decided to go global
Tier-2 India is the new battleground
Transactions are evolving
Chinese players are getting increasingly involved
Even Google is changing tact for the local market
Whatsapp and fake news
More capital moved to companies at a growth stage
Established startups are coming of age
3. This and that, I am excited for 2019!
Vani Kola, a Managing Partner at India based VC fund Kalaari, gives her perspective on India tech ecosystem. She talks about what she saw in 2018 and what she thinks that will happen in 2019.
Few key highlights:
Shifts and trends driving the growth of Indian startups in 2018:
Consumption of digital content and power of regional languages:
An increased focus on agriculture:
An upsurge in M&A activity and IPO’s:
Trends to watch out for in 2019
Commercialization of DeepTech
Nationwide healthcare access
Voice over text
Co-living and student housing
4. Day Zero: What 2019 means for fintech in 2020
Fintech in India is still young — just five years old — yet it’s a revolution which is changing consumer behavior. In a short time, it has changed how common people look at money itself.
Money used to be cash, then plastic and now a mobile device. In India, new payment solutions like UPI (Unified Payments Interface) and Bharat QR have given a much-needed boost in shifting consumers from cash-based transactions to digital alternatives.
For Indian Fintech companies to make the most of it, they need to crystal-gaze about what 2020 could be. They should use the year 2019 to build disruptive products and services for not just the urban middle class but also Bharat.